The Latest

Flagstar Bancorp in Troy, Mich., reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan-loss reserves.

Comerica may sell itself one day, but it won't be a very attractive takeover target — or fetch top dollar — until energy prices rebound and interest rates rise, company officials said at the annual meeting Tuesday.

Orion FCU and Greylock FCU announce appointments and promotions while CU League of Connecticut honors three.

Corporate governance experts normally recommend splitting the chairman and CEO roles at public companies, but Wells' shareholders let John Stumpf keep both jobs.

Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y.

NCino, a vendor of cloud-based banking technology, has added deposit account opening to its platform.

The U.S. agencies hewed surprisingly close to the international agreement in their proposal released Tuesday which would require the largest banks to maintain stable sources of funding over a yearlong period.

At the bank's annual meeting, a gadfly's resolution that would have forced the bank to take steps toward a breakup received almost no shareholder support.

WASHINGTON — After close to four years at the helm of the Financial Crimes Enforcement Network, Director Jennifer Shasky Calvery announced Tuesday she will leave the agency next month.

The U.S. District Court for the Eastern District of Texas has granted the government’s motion for summary judgment against Texas-based collection agency Commercial Recovery Systems Inc. and its president, Timothy Ford.